PREHEAT oven to 350° F.
COMBINE flour, graham cracker crumbs, baking soda and salt in small bowl.
BEAT butter, brown sugar, granulated sugar and peanut butter in large mixer bowl until creamy. Beat in egg and vanilla extract. Gradually beat in flour mixture. Stir in morsels and nuts. Press 3/4 dough into ungreased 13 x 9-inch baking pan.
BAKE for 15 minutes; remove from oven. Dollop jelly by heaping teaspoon over partially baked dough. Let stand for 1 minute; spread to cover. Dollop remaining dough by heaping teaspoon over jelly.
BAKE for an additional 20 to 25 minutes or until edges are set. Cool in pan on wire rack. Cut into bars.